DMART IPO making a lot of nosie, people on street are chasing it , which is also popular due to renowned investor RK Damani as part of promoter group.
Definitely a well structured business model, but looking at price its too expensive to bet money on it. I still think so renowned investor as part of promoter group... why would he or he's team would comeup with so high p/e ? Rather he should have brought the price with reasonable p/e .. keeping win win situation for company and public creating an example for others to follow.
This will definitely openup at high price on listing but will fall below the ipo price in next 2 years timeframe when the earnings doesn't meetup the expectation of people chasing it.
For me the best price to bet money on it would be in the range of 100-130.